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Dec 5, 2012
12/12
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business analyst blame sandy for a lower number of new jobs in november. >>> the cadecott tunnel turns 75 today. it opened in 1937 connecting oakland and orinda. it is build 27 years later. a fourth one is being drilled through the east bay hill. it is scheduled to open next year. they will have four lanes in each direction at all times. >> today on the news at five. in or era, where we hear about state budget cuts. the many lawmakers take advantage of this. and it is all paid for by taxpayers. >> they are on the list and the services they receive. >> thank you for trusting ktvu, channel 2 news. be sure to join us again at five. we are always here for you and at ktvu.com.
business analyst blame sandy for a lower number of new jobs in november. >>> the cadecott tunnel turns 75 today. it opened in 1937 connecting oakland and orinda. it is build 27 years later. a fourth one is being drilled through the east bay hill. it is scheduled to open next year. they will have four lanes in each direction at all times. >> today on the news at five. in or era, where we hear about state budget cuts. the many lawmakers take advantage of this. and it is all paid...
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Dec 4, 2012
12/12
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KOFY
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another system on its way and sandy is tracking the next system as it moves in. >> let me show you live doppler 7 h d.we have some very light returns around ukiah. we have our own doppler on mount saint helena tracking the system for you. as i take you in a little bit closer here very light rain like i said around ukiah. around highway 2 53. old river road as we look across other parts of the bay area fish rock road very light returns just east of point arena and we'll continue to see the development of some rainfall. 5:00 a.m. tomorrow. north bay is where the light rain is falling. 7:00 a.m. still in the north bay this is look at the morning 9:00 a.m. still in the north bay but that will be changing as we head into 11:00 a.m. a little more wide spread to the north and as we lack terrain fall percent of normal the last 3 storms wished us well above average. santa rose 178 percent of normal. san francisco 160. oakland 153 and san jose 129 even surrounding areas you could i a-sacramento, well above normal for this time of year with more rawn coming with the next system that will push the
another system on its way and sandy is tracking the next system as it moves in. >> let me show you live doppler 7 h d.we have some very light returns around ukiah. we have our own doppler on mount saint helena tracking the system for you. as i take you in a little bit closer here very light rain like i said around ukiah. around highway 2 53. old river road as we look across other parts of the bay area fish rock road very light returns just east of point arena and we'll continue to see the...
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Nov 29, 2012
11/12
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KGO
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. >>> new york still cleaning up from superstorm sandy and nation another problem, looting. thieves raided a school in queens and took off with $100,000 worth of equipment. they also took two automated heart defibrillators each worth $16,000. the school is one of third -- one of 30 that has reported looting since sand did. >>> we are -- since sandy. >>> another storm coming. >> what time? >> later. but there are showers now. i ran into one as i headed out this morning and live doppler shows the activity light in the north bay from ukiah, cloverdale, clear lake through santa rosa, a few showers around marin, napa, american canyon and south, highway 101 south novato through san rafael. so be careful, temperatures this morning are on the mild side, mostly cloudy, then showers sinking south from the north bay all the way through the central coast going to take much of the afternoon and evening, mainly dry for most of you with numbers in the 60s heavy rain tonight into tomorrow. >>> back to napa for this "sig alert" issued highway 121, 128 with an overturned vehicle still blockin
. >>> new york still cleaning up from superstorm sandy and nation another problem, looting. thieves raided a school in queens and took off with $100,000 worth of equipment. they also took two automated heart defibrillators each worth $16,000. the school is one of third -- one of 30 that has reported looting since sand did. >>> we are -- since sandy. >>> another storm coming. >> what time? >> later. but there are showers now. i ran into one as i headed out...
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Nov 30, 2012
11/12
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KRON
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the consumer spending dropped and this is mainly due to super storm sandy peopl. this is due to people being unemployed. will bring you the numbers from wall street drop the number. no time there is pretty bad and press the rainfall that is coming down and now we're seeing some flooding. >> the heavier then start in concord walnut creek. it is not as intense as what is what wethere is heavy rain in te walnut creek area. there is rain fall more than a 10th of an inch in certain areas. light ran for the shore freeway and there are no longer heavy over the dumbarton bridge. a lot of the rand has pushed his way through the a's. as we turn our attention to the south bay it is a trek to when it will impact you. as we take a look that when that will hit the south bay it looks like you will be under some heavy rain and about 6:42 a.m.. you should really be prepared for this and as we head into the afternoon the showers will start to taper off. we do have strong whins up to 20 m.p.h. for places like half moon bay. we do have a flash flood warning to and 9:00 a.m.. as we he
the consumer spending dropped and this is mainly due to super storm sandy peopl. this is due to people being unemployed. will bring you the numbers from wall street drop the number. no time there is pretty bad and press the rainfall that is coming down and now we're seeing some flooding. >> the heavier then start in concord walnut creek. it is not as intense as what is what wethere is heavy rain in te walnut creek area. there is rain fall more than a 10th of an inch in certain areas....
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Dec 5, 2012
12/12
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KPIX
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. >>> the statue of liberty survived hurricane sandy, but the storm wreaked havoc on legitimate island closing the land -- on liberty island closing the landmark indefinitely. crews are working to fix the widespread damage after a $30 million refurbishing and year- long closure. the statue had just reopened the day before the storm hit. >>> new hope for couples trying to have children. the technique developed right here in the bay area that's boosting in vitro fertilization success. how it works in tonight's healthwatch. online outfit piccolo headphones buy now broadway show megapixels place to sleep little roadster war and peace deep sea diving ninja app hipster glasses 5% cash back pregnancy went by... beforee bets started pouring in. bos are taking wagers on the ger >>> not even a day after the announcements of the royal pregnancy went by before the bets started pouring in. bookies taking bets on the gender, color of the hair and names. francis and phillip on the boys and diana and elizabeth great odds. you better take that bet. >>> there's a medical breakthrough that could boost a
. >>> the statue of liberty survived hurricane sandy, but the storm wreaked havoc on legitimate island closing the land -- on liberty island closing the landmark indefinitely. crews are working to fix the widespread damage after a $30 million refurbishing and year- long closure. the statue had just reopened the day before the storm hit. >>> new hope for couples trying to have children. the technique developed right here in the bay area that's boosting in vitro fertilization...
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Dec 5, 2012
12/12
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KRON
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a bad number but hurricane sandy took people often employed like. let us talk about red flags. >> net flics they have a deal with disney seven months after disney movies are out of theaters they will be on net flicks. that would not start to 2016. if you have children you are thrilled. obviously you could put your kids and from that they watch disney movies all day long. >> it is expensive big win for net flicks. stars and dumped a net flics earlier this year that is part of the reason why next talks fell apart. they will get to watch disney films on that flicks this is a good win because this is the first time they ever got first on the move is a head of hbo and showtime. >> sadly the first thing that popped in my head was with net flics be around in 2016. >> they might be a division of someone else. it is a good company a good product but not very probable. >> we will check back with winners and losers on wall street coming up the 9:15 a.m.. will take a quick break at 6:53. here is a live look for our walnut creek camera you see the wet road ways
a bad number but hurricane sandy took people often employed like. let us talk about red flags. >> net flics they have a deal with disney seven months after disney movies are out of theaters they will be on net flicks. that would not start to 2016. if you have children you are thrilled. obviously you could put your kids and from that they watch disney movies all day long. >> it is expensive big win for net flicks. stars and dumped a net flics earlier this year that is part of the...
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Nov 29, 2012
11/12
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CNBC
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the tragedy of hurricane sandy was a revelation. our country needs to upgrade its power grid and we've got to do it now. in this one area, it seems like our state governments and utilities are actually on the case, which is why you want to own quanta services, power, pwr, the company that builds out any infrastructure and a killer pipeline business. what's not to like? after the break, i'll try to make you more money. >>> coming up -- >> how should of pleasure. >>> pending home sales rose to a five-year high today, but which stock should you moved into is it as the foundation for growth and housing becomes more secure. tonight it's an open house for three potential plays on a real estate rebound. which one should you put an offer out on? with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards!
the tragedy of hurricane sandy was a revelation. our country needs to upgrade its power grid and we've got to do it now. in this one area, it seems like our state governments and utilities are actually on the case, which is why you want to own quanta services, power, pwr, the company that builds out any infrastructure and a killer pipeline business. what's not to like? after the break, i'll try to make you more money. >>> coming up -- >> how should of pleasure. >>>...
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Dec 6, 2012
12/12
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KPIX
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and for the first time in several weeks, the effects of superstorm sandy largely ruled out. the four-week average at 408,000 is still elevated. most of the year we have seen claims around that 370,000 to 375,000 level which suggests modest growth. we get the november employment growth tomorrow. that's a key factor although again sandy will distort the numbers. >>> flat start on wall street. investors still looking for some progress. dow down 1, nasdaq down 1, s&p down 1, as well. apple shares down 1.25%. back to you. >> it's 1s across the board. thank you. >>> the new reality in washington state recreational use of marijuana is now legal. hundreds of people showed up at the space needle to celebrate at midnight. voters approved the law last month. adults can now possess up to an ounce of pot. but growing and selling it is still a crime. colorado by the way also legalized recreational use of marijuana but that amendment won't take effect until the governor proclaims that it passed. >>> just two years after arriving in the bay area, the "fresh & easy" market chain could be goi
and for the first time in several weeks, the effects of superstorm sandy largely ruled out. the four-week average at 408,000 is still elevated. most of the year we have seen claims around that 370,000 to 375,000 level which suggests modest growth. we get the november employment growth tomorrow. that's a key factor although again sandy will distort the numbers. >>> flat start on wall street. investors still looking for some progress. dow down 1, nasdaq down 1, s&p down 1, as well....
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Dec 7, 2012
12/12
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KRON
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>>pam: the aftermath of hurricane sandy is driving business in washington today. as the senate meets to talk about the storm's impact on transportation, the push for state aid continues from high-profile advocates. emily schmidt has more from washington. >> it didn't take long to see hurricane sandy's damage was bad. now--- officials are beginning to say just how bad. the numbers emerged at one capitol hill hearing after >> fema has provided over 14 million meals, over 16 million liters of water, over 1.6 million blankets, and over 100,000 tarps. >> hundreds of thousands of families have had to go from their homes. >> one subway station, south ferry, is going to cost over 500 million dollars-- nearly 600 million --to repair. >> families impacted by the storm say it's been a huge blow. >> it doesn't feel like new york, i feel like i am in a third world country right now >> so the governors of two states hard hit by sandy are taking their case to washington: new jersey governor chris christie meeting with white house and capitol hill officials thursday. new york gov
>>pam: the aftermath of hurricane sandy is driving business in washington today. as the senate meets to talk about the storm's impact on transportation, the push for state aid continues from high-profile advocates. emily schmidt has more from washington. >> it didn't take long to see hurricane sandy's damage was bad. now--- officials are beginning to say just how bad. the numbers emerged at one capitol hill hearing after >> fema has provided over 14 million meals, over 16...
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Dec 7, 2012
12/12
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KTVU
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tim, we are being told there could be a murky jobs number because of hurricane sandy. what do you think about that? > > i think the market will dismiss a weaker-than-expected number because of hurricane sandy and the distortions that it has and look more toward next month, or january's report, that we will get. so, i think they will let it slide. but it should be weaker than expected. i think that is expected by the market, so it shouldn't be a surprise. > goldman sachs has a call out that we will see a renaissance in commodities. are you bullish on any particular commodities here? > > i am bullish on the agriculturals, for reasons of which the supply and also the growing drought that we had this past year, the continued conditions that make for dry growing season next year as well. so i think from a supply/demand standpoint, yes, i think agricultural. the other thing i like, commodities in general, is when the fed's buying $85 million a month worth of treasuries, i think you are going to have to like commodities. > what is your play on the dollar? > > i would have exp
tim, we are being told there could be a murky jobs number because of hurricane sandy. what do you think about that? > > i think the market will dismiss a weaker-than-expected number because of hurricane sandy and the distortions that it has and look more toward next month, or january's report, that we will get. so, i think they will let it slide. but it should be weaker than expected. i think that is expected by the market, so it shouldn't be a surprise. > goldman sachs has a call out...
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Nov 30, 2012
11/12
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CNBC
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the tragedy of hurricane sandy was a revelation. our country needs to upgrade its power grid and we've got to do it now. in this one area, it seems like our state governments and our utilities are actually on the case, which is why you want to own quanta services, power, pwr, the company that builds out new infrastructure and has a killer pipeline business. what's not to like? after the break, i'll try to make you more money. >>> coming up -- >> house of pleasure. >>> pending home sales rose to a five-year high today, but which stock should you moved into as the foundation for growth and housing becomes more secure. tonight it's an open house for three potential plays on a real estate rebound. which one should you put an offer out on? [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection.
the tragedy of hurricane sandy was a revelation. our country needs to upgrade its power grid and we've got to do it now. in this one area, it seems like our state governments and our utilities are actually on the case, which is why you want to own quanta services, power, pwr, the company that builds out new infrastructure and has a killer pipeline business. what's not to like? after the break, i'll try to make you more money. >>> coming up -- >> house of pleasure. >>>...
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Dec 7, 2012
12/12
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KRON
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. >> the november jobs report is expected out today and superstar on sandy is going to be a key factor when the numbers do come out. economists predict job growth last month slow because of the storm. the reports silver lining to be that-the storm, the job market is strengthening. those numbers are expected to come out at 530 local time. we will be keeping an eye on them throughout the kron 4 morning news. >> the time is 4:13 a.m. on your morning news--friday morning. we will be back with the kron 4 morning news when we come morning erica will have your traffic and janu at your weather and we will have more headlines. welcome back the time is for 3:00 p.m.. local reservoirs have seen a much needed increase in water level since last week end storms. reservoirs in santa clara improved significantly with the rain fall, but levels are still not exactly where they need to be. since last wednesday, the santa clara valley water district says ever stores and their 10 reservoirs' increased from 74 to 91 percent of weather should normally be. that's an increase of nearly 4 billion gal. of water.
. >> the november jobs report is expected out today and superstar on sandy is going to be a key factor when the numbers do come out. economists predict job growth last month slow because of the storm. the reports silver lining to be that-the storm, the job market is strengthening. those numbers are expected to come out at 530 local time. we will be keeping an eye on them throughout the kron 4 morning news. >> the time is 4:13 a.m. on your morning news--friday morning. we will be...
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Dec 5, 2012
12/12
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WETA
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it, too, is likely to reflect temporary effects related to the aftermath of hurricane sandy. >> we're looking for only a 50,000 gain in jobs in november, well under that 170,000 average we've seen over the past three months. >> reporter: hurricane sandy's effects on hiring may be short- lived, but experts worry fiscal cliff concerns could result in a new storm brewing for workers looking to land a job in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again.at but a big drop in apple shares kept the nasdaq fromains.. by the closing bell, the dow was up 82 points, the nasdaq down 23, the s&p added two points. >> susie: investors were also encouraged by news that american workers were very productive this past summer, and that's good news for company profits. productivity increased at its fastest pace in two years, at an annual rate of 2.9% from july through september. that number blows away the initial estimate of 1.9%. erika miller takes a closer look at how technology is helping to boo
it, too, is likely to reflect temporary effects related to the aftermath of hurricane sandy. >> we're looking for only a 50,000 gain in jobs in november, well under that 170,000 average we've seen over the past three months. >> reporter: hurricane sandy's effects on hiring may be short- lived, but experts worry fiscal cliff concerns could result in a new storm brewing for workers looking to land a job in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom:...
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Dec 7, 2012
12/12
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KTVU
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the fallout from hurricane sandy is continuing to disrupt businesses and their hiring and fear of the fiscal cliff is keeping employers from bringing on new workers. they don't know what future tax rates will be and if they can afford more hiring. but on capitol hill democrats are trying to highlight the positives. >> we had a little problem because of what happened with hurricane sandy but we'll still have about 100,000 new jobs. >> reporter: the report comes out in just 15 minutes. we'll show you who is hiring and who is not. reporting live from washington, d.c. alison burns ktvu channel 2 news. >>> time now 5:15. fundraising records were shattered by both president obama and mitt romney during their campaigns. they raised more than $2 billion. campaign finance records show the president raised $1.1 billion for his reelection effort. his republican challenger mitt romney was close behind. $1.1billion. now the record setting amounts don't include the hundreds of millions sent by super packs on ads. >>> it was called the zombie apocalypse. why this simulation at a homeland security ar
the fallout from hurricane sandy is continuing to disrupt businesses and their hiring and fear of the fiscal cliff is keeping employers from bringing on new workers. they don't know what future tax rates will be and if they can afford more hiring. but on capitol hill democrats are trying to highlight the positives. >> we had a little problem because of what happened with hurricane sandy but we'll still have about 100,000 new jobs. >> reporter: the report comes out in just 15...
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Dec 6, 2012
12/12
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KRCB
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two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales, the stock rallied. shares jumped 1.9% on heavier than usual volume. while the breast cancer drug tests were positive, any regulatory approval wouldn't happen for at least a couple of years. three of the five most actively traded exchange traded products were up. the financial e.t.f. had the best gains, up 1.2%. and that's tonight's "market focus." >> susie: a tough day for investors in freeport mcmoran. the stock plunged 16% on news that the mining company is buying two oil and gas producers. it's paying $9 billion for plains exploration and production company and mcmoran e
two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales,...
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Dec 7, 2012
12/12
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KRON
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not great numbers but they were expected to be half of that because of the effects of superstar on sandy on the north east. the u.s. unemployment rate dropped to 7.7%. >> a federal judge is ready to produce a $1 billion verdict apple or is it on over samsung back of it. the judge told lawyers for both apple and samsung that jurors in the previous case appear to miscalculate damages and now have to be trimmed. no word on how much of the war to apple would be cut. samsung is seeking a new trial while apple is harboring for an increase in the damages award. >> t mobil has a deal with apple it can start carrying the iphone next year. for after its parent company says it has reached a deal with apple. the mobile you as a have been the only national wireless carriers that didn't offer the iphone. although it is impossible to use iphone on t mobile networks customers had to get the iphone themselves parity mobil says it is reshuffling its network to match their carrier data speeds. >> the securities and exchange commission said hastings--the fcc says that is material for investors. information
not great numbers but they were expected to be half of that because of the effects of superstar on sandy on the north east. the u.s. unemployment rate dropped to 7.7%. >> a federal judge is ready to produce a $1 billion verdict apple or is it on over samsung back of it. the judge told lawyers for both apple and samsung that jurors in the previous case appear to miscalculate damages and now have to be trimmed. no word on how much of the war to apple would be cut. samsung is seeking a new...
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Dec 5, 2012
12/12
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KPIX
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hurricane sandy spared the statue but did widespread repair on the island. the statue just got a $30 million spruceup that closed it for a year and it reopened the day before hurricane sandy. >> that's a shame. that was a storm. that was -- 13-foot water level. >> probably for a time all that was visible was the statue itself in the entire island surrounding it under water. kind of crazy. our storm around here in comparison not as big but it was a significant blow we tack over the past couple of days. many of you had more than half a foot of rainfall in just five days. we do have another round of rain moving in. i'm not going to call it a storm. we won't have flooding or widespread problems from the next system, just rain moving through. 63 degrees in livermore, san jose, san francisco and oakland. santa rosa with some rain showers around for you with 54. concord 57. have you noticed the lack of sunshine? taking that extra vitamin d pill in the morning? only 3 of the past 19 days have been sunny. i'm happy to report that will change coming up. but we have it
hurricane sandy spared the statue but did widespread repair on the island. the statue just got a $30 million spruceup that closed it for a year and it reopened the day before hurricane sandy. >> that's a shame. that was a storm. that was -- 13-foot water level. >> probably for a time all that was visible was the statue itself in the entire island surrounding it under water. kind of crazy. our storm around here in comparison not as big but it was a significant blow we tack over the...
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Nov 29, 2012
11/12
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KRON
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or super storm sandy what everyone a call it. then is are going well now but macy's and target had expectations and thanksgiving came earlier in the year so they did get that extra week of shopping. if this may be positive for them. we are expecting discrepancies of 1.6--you brought up sandy and we are getting a better idea of what the total economic cost was. >> we had new york and new jersey stating that they're looking forh of damages. these are just these two states. we have seen a lot of money that has been spent on recoveries. >> we are a little bit out of touch. the national cars are keeping a lot serve various and we're looking at about $90 billion. this will hurt and it will help them next year. if is a cost but not a good cause. there are not a lot of pluses for rebuilding jobs. part of our economy--is hit a very wealthy area of the country and you have a lot of people that are out of jobs that were helping the economy with their high paying jobs. >> does lowe's or home depot see a bump in their sales? >> absolutely. th
or super storm sandy what everyone a call it. then is are going well now but macy's and target had expectations and thanksgiving came earlier in the year so they did get that extra week of shopping. if this may be positive for them. we are expecting discrepancies of 1.6--you brought up sandy and we are getting a better idea of what the total economic cost was. >> we had new york and new jersey stating that they're looking forh of damages. these are just these two states. we have seen a...
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Dec 7, 2012
12/12
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KRON
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expected to be half that because of all the layoffs of people on able to work because of super storm sandy. we had 140,000 americansaw a drop in te unemployment rate to 7.7%. this is the lowest since december 2008. > a month after his election present obama has a sizable rating and more than a year. the poll finds the president's rating stands at 57 per cent the highest since may last year when navy seals killed outside a leader osama bin live in. applies more americans that the nation is headed in the right direction. 42 percent say the country is on the right track and a majority believe is likely president obama will improve the economy. however americans are divided on what a president he has been. but 37 percent think he's been above or above average or outstanding. 36 percent say below average or four. >> the us supreme court scheduled to meet behind closed doors again today to consider reviewing the legal issues regarding same-sex marriage. that includes a challenge to california's controversial controversy old proposition 8. if the court refuses to review the prop a case same-sex m
expected to be half that because of all the layoffs of people on able to work because of super storm sandy. we had 140,000 americansaw a drop in te unemployment rate to 7.7%. this is the lowest since december 2008. > a month after his election present obama has a sizable rating and more than a year. the poll finds the president's rating stands at 57 per cent the highest since may last year when navy seals killed outside a leader osama bin live in. applies more americans that the nation is...
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Dec 6, 2012
12/12
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KPIX
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. >>> superstorm sandy and the "fiscal cliff." a lot of factors could shake up tomorrow's jobs report. we'll have a preview coming up. >> and it looked like new year's eve in seattle. pot smokers light up in celebration of washington's new law but it comes with some limitations. ,,,,,,,,,, ,,,,,,,,,, ♪[ music ] >>> the music world is mourning the death of jazz pioneer dave brubeck who died yesterday of heart failure on the way to a hospital for a scheduled check- up. he was born 92 years ago today. and he was born in concord over in the east bay. you might remember him for his jazz hits including the biggie "take five." >> what you might not know is that brubeck learned the piano from his mother and after leading an army band during world war ii he studied at mills college in oakland. >> i didn't know he was from the bay area. >>> just in from the labor department, new jobless claims fell sharply from a week ago as disruptions blamed on superstorm sandy diminished. new claims dropped by 25,000 last week to 370,000. that's fewer
. >>> superstorm sandy and the "fiscal cliff." a lot of factors could shake up tomorrow's jobs report. we'll have a preview coming up. >> and it looked like new year's eve in seattle. pot smokers light up in celebration of washington's new law but it comes with some limitations. ,,,,,,,,,, ,,,,,,,,,, ♪[ music ] >>> the music world is mourning the death of jazz pioneer dave brubeck who died yesterday of heart failure on the way to a hospital for a scheduled...
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chrysler seeing a pick-up in demand partly thanks to superstorm sandy buyers returning to show rooms in november after the waters receded and replacement demand increased after hundreds of thousands of vehicles damaged or destroyed by sandy. as for trading, manufacturing in china helping give u.s. stocks a lift today. report on u.s. manufacturing for november in a few minutes we'll see how that goes we expect it to slow a little. so far, green arrows across the board first trading day of december, dow, s&p and nasdaq higher, bloomberg index up 1%. the maker of lucky charms hoping adults will find the cereal magically delicious, mills plans a campaign nationwide next year. adults are an attractive market for the cereal makers they are pressure for marketing sugary products to kids. today is the 20th anniversary of the text message, the first text sent was "merry christmas "now 1992. by 2016 texting may increase 40% from today's levels more than nine trillion texts generating 127 billion dollars in revenue. live at the new york stock exchange, i'm jane king. >>> lol! >>> i know. we can
chrysler seeing a pick-up in demand partly thanks to superstorm sandy buyers returning to show rooms in november after the waters receded and replacement demand increased after hundreds of thousands of vehicles damaged or destroyed by sandy. as for trading, manufacturing in china helping give u.s. stocks a lift today. report on u.s. manufacturing for november in a few minutes we'll see how that goes we expect it to slow a little. so far, green arrows across the board first trading day of...
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Dec 7, 2012
12/12
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WMPT
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i think that the hurricane sandy may distort the numbers. we've seen it in some of the other high frequency data in the last couple of weeks. keep in mind tomorrow's labor market report will report on a snapshot of the labor market taken in the middle of last month. and that's when the hurricane and its aftermath were having their effects. >> so the consensus numbers from a survey of economists, they're expecting american businesses added 110,000 jobs it to their payroll. the unemployment rate staying around 7.9%. does that sit right with you. is that what you are seeing? >> probably somewhere around that maybe a little less. one of the problems is it is hard to gauge exactly what the impact of the storm will have. we know it's transitory, it's hard to say exactly how much numerically it will sub tract. if the number comes in lower than that i think a lot of people will say oh, it was probably the effect of the hurricane and they'll wait until the following month to see what kind of a rebound we get. >> let's talk a little bit about what we
i think that the hurricane sandy may distort the numbers. we've seen it in some of the other high frequency data in the last couple of weeks. keep in mind tomorrow's labor market report will report on a snapshot of the labor market taken in the middle of last month. and that's when the hurricane and its aftermath were having their effects. >> so the consensus numbers from a survey of economists, they're expecting american businesses added 110,000 jobs it to their payroll. the unemployment...
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Nov 29, 2012
11/12
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KRON
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he also commended the leadership shown by governors in the northeast during superstorm sandy. the president however, couldn't escape the firestorm of criticsim over embattled u-s u-n ambassador susan rice. he showed his support when answering a reporters question. >> susan rice is extraordinary. couldn't be prouder of the (applause) >>pam: rice is considered a top candidate to replace secretary of state hillary clinton... but she has been accused by republicans of misleading americans about what prompted the deadly september 11th attack on the u-s consulate in libya. this wild scene broke out in a milwaukee courthouse today.. after a driver was sentenced to prison for hitting and killing a boy. 23-year-old dedrick ashford received a year behind bars and one year probation for the fatal crash. the victim's family members became upset after the sentence came down.. and started brawling with ashford's relatives. as many as two dozen people were involved. several were injured.. and arrested. >> in italy.. a massive funnel cloud swept through the southeastern city of taranto wednes
he also commended the leadership shown by governors in the northeast during superstorm sandy. the president however, couldn't escape the firestorm of criticsim over embattled u-s u-n ambassador susan rice. he showed his support when answering a reporters question. >> susan rice is extraordinary. couldn't be prouder of the (applause) >>pam: rice is considered a top candidate to replace secretary of state hillary clinton... but she has been accused by republicans of misleading...
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Dec 6, 2012
12/12
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CNBC
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early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an example. wells fargo gallup does a small survey. on hiring, small businesses dropped to the lowest level of opt miimism in four years. it doesn't matter what ben bernanke does. i think his programs have long since not really helped the employment side, but the fiscal cliff is doing obvious damage. that's going to make what everybody knows is coming. we ran out of two years to sell. they're going to go from a twist to outright purchases. it's fully built into the market, but it isn't going to help. the fiscal cliff is going to do more damage t
early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an...
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Dec 7, 2012
12/12
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KPIX
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that was likely an effect of sandy. 350,000 or so people stopping their search for work. that's what brought the unemployment rate down. not a great report but still a little bit better than what some people were forecasting. the apple a samsung case going on in federal court in san jose. the judge told lawyer for both sides that she may reduce the original award of one billion dollars saying jurors may have miscalculated the damages. but the judge may also enact sales bans against several older samsung devices so that could go either way. samsung trying to get a whole new trial in this case. >>> stock market higher on the better than expected jobs report. the dow is gaining 39 points. nasdaq up by one. s&p up. apple shares rebounded yet by 1 1/2 percent after that big 6% drop the other day. back to you. >>> jason brooks, cbs and cbs money watch.com. >>> a student was hurt in turkey, when a pedestrian bridge collapsed. security camera footage showing the moment when the bridge just gave away. apparently it was weighed down with a lot of snow on it. high school students su
that was likely an effect of sandy. 350,000 or so people stopping their search for work. that's what brought the unemployment rate down. not a great report but still a little bit better than what some people were forecasting. the apple a samsung case going on in federal court in san jose. the judge told lawyer for both sides that she may reduce the original award of one billion dollars saying jurors may have miscalculated the damages. but the judge may also enact sales bans against several...
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Dec 6, 2012
12/12
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CNBC
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to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. take advantage of exceptional values when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can in
to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. ♪ mom? dad? guys?...
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gerri: sandy is an issue. >> sandy is a issue. it is temporary. people absorb the fear and move on. it is a great time to buy. time-shares are still lange wishing. i know, who wants a time-share? if you want a time-share you could get it for 30 cents on the dollar. gerri: wow! that is big discount looking for a discount out there. that is great advice. what other advice can you give to people trying to get rid of their house right now? they're trying to sell, trying to unload a house? maybe they lost a lot of value in that property? >> listen, it is no fun to lose value in a house and have to adjust to the idea you're going to get less money but what is great about the market less now you have another 30% increase in buyers out there. you have one-third fewer homes for sale. you have less competition and more people who want them. you have also out there is buyers are believing that the best part of the market might be gone. and that really pushes them into the market and gives you a higher bid. i think homeowners right now the best is yet to come. for buyers, the best already has h
gerri: sandy is an issue. >> sandy is a issue. it is temporary. people absorb the fear and move on. it is a great time to buy. time-shares are still lange wishing. i know, who wants a time-share? if you want a time-share you could get it for 30 cents on the dollar. gerri: wow! that is big discount looking for a discount out there. that is great advice. what other advice can you give to people trying to get rid of their house right now? they're trying to sell, trying to unload a house?...
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Dec 6, 2012
12/12
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KRON
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of people seeking unemployment aid fell sharply last week as a temporary spike caused by super storm sandy has faded. weekly applications have fallen back to a level consistent with a modest hiring. the labor department says applications drop 25,000 last week off to a seasonally adjusted 370,000. >> this will last until the work week and as for tomorrow will have morning fall. it will be dry and warmer into the we can take it a look at the fog he does see pretty widespread and that it will stay over much of the bay area until 10:00 a.m.. into the evening it will start to build along the east bay shore and your inland valley areas. it is a warm start for the morning as 53 degrees. upper 40's for daly city's and it is already on upper 40's for a sunnyvale. for those of you head in out the door you will still be sitting in the '50s and it will not be until the late morning that we will see the 60's. for those of you who are heading out this evening the temperatures will drop to the low 50s that is indicated by the blue on your screen. >> it will be low 60's for the east bay shore and inland v
of people seeking unemployment aid fell sharply last week as a temporary spike caused by super storm sandy has faded. weekly applications have fallen back to a level consistent with a modest hiring. the labor department says applications drop 25,000 last week off to a seasonally adjusted 370,000. >> this will last until the work week and as for tomorrow will have morning fall. it will be dry and warmer into the we can take it a look at the fog he does see pretty widespread and that it...
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Dec 7, 2012
12/12
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CNBC
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founder of lumber liquidators to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. n you. ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> here in the united states, we're sitting on titanic amounts of energy that's both cheaper and cleaner than coal or oil, talking about natural gas. but we end up burning off millions of cubic feet of it every day because we don't have enough demand since our government refuses to support embracing nat gas for surface vehicles. while we probably aren't
founder of lumber liquidators to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. n you. ...at the best schools in the world... ...you see they all have...
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first, super storm sandy is good for car sfwhis. >> it is shocking. super storm sandy helped boost strong auto saelts. auto makers saw increases over the same time. much of the game because of cars lost in the storm being replaced. there are still more cars to be bought. estimated 100,000 cars and trucks will be needing to be replaced. i want to you remember that, too, when you're looking to buy preowned vehicles. many storm damaged models will make their way into the market. check to see what state that car came from. want a good reason to go shop agent goodwill? how about picking up an important art work for a song? it happened in milwaukee. an art frame caught karen's eye. >> i saw the signature. i called calder? i was surprised and thought surely no. i use bid goodwill loyalty card and ended up paying $12.34. >> there it is. it's worth $9,000. goodwill says it attempts to spot yimts like this, but some expensive items do slip through. >> you know, that is interesting. >> she has good taste. >> she does. >> thank you. >> oakland raiders fans we wan
first, super storm sandy is good for car sfwhis. >> it is shocking. super storm sandy helped boost strong auto saelts. auto makers saw increases over the same time. much of the game because of cars lost in the storm being replaced. there are still more cars to be bought. estimated 100,000 cars and trucks will be needing to be replaced. i want to you remember that, too, when you're looking to buy preowned vehicles. many storm damaged models will make their way into the market. check to see...
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Dec 6, 2012
12/12
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KRON
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we do have the weekly unemployment numbers and they were expected to be elevated to the super storm sandy. they dropped by 75,000. concerns about the fiscal cliff and there are new news that there are no meetings. we will have more on the marcus and 15 minutes with rob black. >> waking up to a dry road ways and we are kicking off the drying trend that will last until the rest of your work week. we are dealing with dense fog and in the afternoon we may have some few breaks of sunshine. into the evening it will be partly cloudy and cool. i will show you how widespread it will be. >> the metering lights were activated a little bit early and we are saying the lace from 880 crossing. we're seeing some moving here despite their early activation. it is now up to 17 minutes. the rest of the commute shows like conditions for the east for wait. a little bit sluggish for interstate 580. we do not have any accidents to report on 1 01 southbound. >> developing news out of san francisco where a police chase in is with the suspect in jail and thousands of gallons of water on the street. kron 4 urs will
we do have the weekly unemployment numbers and they were expected to be elevated to the super storm sandy. they dropped by 75,000. concerns about the fiscal cliff and there are new news that there are no meetings. we will have more on the marcus and 15 minutes with rob black. >> waking up to a dry road ways and we are kicking off the drying trend that will last until the rest of your work week. we are dealing with dense fog and in the afternoon we may have some few breaks of sunshine....
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the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there certainly are people that cannot go to work and have been laid off because businesses are out. there are all sorts of new jobs that have sprung up. i may head down there and start looking for a job myself. cheryl: construction, there was a loss of 20,000. most of us expected a little bit of a game and that ector. >> maybe it will take a little bit longer to give up. my brother is still out of his house. they cannot get anyone to do work on it yet. cheryl: let's go over to the cme. i know that metals has been a big focus for a lot of traders today. what are you watching? >> just the price action in gold. it really gives the feedback. people, you know, maybe a risk on trade. it jumps back to the 17th 04 daily highs. that makes me believe i want to belong before the meet
the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there certainly are people that cannot go to work and have been laid off because businesses are out. there are all sorts of new jobs that have sprung up. i may head down there and start looking for a job myself. cheryl:...
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Dec 7, 2012
12/12
by
WBAL
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founder of lumber liquidators to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. prove it. enough is enough. d-con no view, no touch trap snaps to kill instan
founder of lumber liquidators to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. [ male announcer ] alka-seltzer plus presents the cold truth. i have a...
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Nov 29, 2012
11/12
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KRON
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this was caused by super storm sandy. the holiday season is about 40% of retailers' annual sales. >> the next generation of apple's buy two software may be launched sometime today. if this is the second to last day of apples and deadline to release it. the release was supposed to happen last month and their last major overhaul was september 2010. >> we will have a complete check of our weather and we have erica standing by. here's a live look at the san mateo bridge. if it is moving okay her today is movingt that we were dealing with rain in the morning. we still may have a wet evening commute. if you should pack your umbrellas of the chicken get home safely. we will have the timing coming up. we will be back with more. get irresistibly clean and fresh carpets in your home with resolve deep clean powder. the moist powder removes three times more dirt than vacuuming alone while neutralizing odors for a clean you can see, smell and really enjoy. don't just vacuum clean. resolve clean. then switch to at&t u-verse tv. add the
this was caused by super storm sandy. the holiday season is about 40% of retailers' annual sales. >> the next generation of apple's buy two software may be launched sometime today. if this is the second to last day of apples and deadline to release it. the release was supposed to happen last month and their last major overhaul was september 2010. >> we will have a complete check of our weather and we have erica standing by. here's a live look at the san mateo bridge. if it is moving...
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one is sandy. at one quarter of america's population didn't do anything for three four days. the second thing is the uncertainty of the election which held back business investment. for quarter definitely will be weak but the next year i think 2.5 to 3% growth. >> thank you. dave: one of the smartest people in america, no doubt. thank you, good to see you. the clock is ticking away to major tax hikes for everybody. john boehner saying there is no progress to report. so what is going on inside the beltway? we will head there to try to find out. brian led that tells us how the new 60-40 portfolio should look. [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... onyour head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. . . . .. david: come january 1st, no matter which tax plan is put in place the federal government will still spend trillions of dollars each year. lauren: we talked taxes. now let's former cbo directo
one is sandy. at one quarter of america's population didn't do anything for three four days. the second thing is the uncertainty of the election which held back business investment. for quarter definitely will be weak but the next year i think 2.5 to 3% growth. >> thank you. dave: one of the smartest people in america, no doubt. thank you, good to see you. the clock is ticking away to major tax hikes for everybody. john boehner saying there is no progress to report. so what is going on...
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Nov 29, 2012
11/12
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FBC
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hurricane sandy devastated a lot of families in our hearts go out to them. a lot are coming back, during the holiday shopping in november and hopefully into december. liz: i actually went and i actually bought stuff. is this old stuff, and the breaking news comes when they are expanding at a pretty decent bid read closer to the d.c. area, is it real demand for a oa land grab? >> because of the strength of the balance sheet, it allows us to expand rapidly when times are more difficult and other people can't get financing. it is a world-class development, only 8 miles from the washington monument. the closest retail that we can develop to the washington, d.c. we expect to get as many as the 15 million coming to washington and another 50 million or so coming today to visit the gaylord hotel, the many restaurants and attractions already at national harbor. liz: people are driving to see the tourist attractions and we stopped to see you. a joint venture with simon properties. a competitor in certain realms. why are you doing that? >> we have two sites were announ
hurricane sandy devastated a lot of families in our hearts go out to them. a lot are coming back, during the holiday shopping in november and hopefully into december. liz: i actually went and i actually bought stuff. is this old stuff, and the breaking news comes when they are expanding at a pretty decent bid read closer to the d.c. area, is it real demand for a oa land grab? >> because of the strength of the balance sheet, it allows us to expand rapidly when times are more difficult and...
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Dec 7, 2012
12/12
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KICU
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claims had temporarily spiked last month after superstorm sandy. analysts say the effects of the storm are still being seen in the four week average which stands at 408,000. >>> there is new information tonight about an albany middle school teacher who killed himself after being accused of sex allegations. 28-year-old james isam saki killed himself in september after police arrested him and searched his home. since then there has been debate about the extent of the crimes. according to court documents unsealed today, he exchanged thousands of flirtatious messages with an under aged student along with open mouth kissing and fondling on campus. police say there were several victims. >>> police in mountain view have just released photos of an i.d. theft woman. the woman is impersonating a customer in downtown maintain view. the woman made unauthorized withdraws totaling $20,000. they are now asking for the public's help in identifing the woman. >>> we have new details about a 50-year-old woman who was shot and killed tuesday night while out on her bic
claims had temporarily spiked last month after superstorm sandy. analysts say the effects of the storm are still being seen in the four week average which stands at 408,000. >>> there is new information tonight about an albany middle school teacher who killed himself after being accused of sex allegations. 28-year-old james isam saki killed himself in september after police arrested him and searched his home. since then there has been debate about the extent of the crimes. according to...
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Nov 30, 2012
11/12
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KRON
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some of you may say what about hurricane sandy? >> sandy was considered a cold core storm when it actually slammed. >> storm tracker 4 is showing very heavy rain above the san jose area. there are a lot of power outages including on the bridges. we will have more and we continue. >> we are back. pg&e are reporting a major power outages across the bay area. $10 of them are coming from the bay area alone. 350 are in san francisco and about 200 and the east bay peripatetic will update you as more information is available. >> there's a power outage on the stand and you can see the stream of headlights. this is the section into san francisco and this is the upper deck. and you do not see the suspension cables. they are typically 01 but they're having a power problem. the iran also is causing problems for the commute and we have a look at the golden gate bridge. and this is a wet deck and georges keeping us updated with this. >> storm tracker 4 shows ran across the bay area cup is keeping an eye on we may catch a break. >> right around 1
some of you may say what about hurricane sandy? >> sandy was considered a cold core storm when it actually slammed. >> storm tracker 4 is showing very heavy rain above the san jose area. there are a lot of power outages including on the bridges. we will have more and we continue. >> we are back. pg&e are reporting a major power outages across the bay area. $10 of them are coming from the bay area alone. 350 are in san francisco and about 200 and the east bay peripatetic...
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Dec 7, 2012
12/12
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KTVU
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claims had temporarily spiked last month after superstorm sandy. analysts say the effects of the storm are still being seen in the four week average which stands at 408,000. >>> there is new information tonight about an albany middle school teacher who killed himself after being accused of sex allegations. 28-year-old james isam saki killed himself in september after police arrested him and searched his home. since then there has been debate about the extent of the crimes. according to court documents unsealed today, he exchanged thousands of flirtatious messages with an under aged student along with open mouth kissing and fondling on campus. police say there were several victims. >>> police in mountain view have just released photos of an i.d. theft woman. the woman is impersonating a customer in downtown maintain view. the woman made unauthorized withdraws totaling $20,000. they are now asking for the public's help in identifing the woman. >>> we have new details about a 50-year-old woman who was shot and killed tuesday night while out on her bic
claims had temporarily spiked last month after superstorm sandy. analysts say the effects of the storm are still being seen in the four week average which stands at 408,000. >>> there is new information tonight about an albany middle school teacher who killed himself after being accused of sex allegations. 28-year-old james isam saki killed himself in september after police arrested him and searched his home. since then there has been debate about the extent of the crimes. according to...
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one of the arborists dealing with the mess here had been back dealing with the mess after superstorm sandy on the east coast, came here for a few days he's going back there because there is much more to do there he says he will come back here when the next storm hits which hopefully will be a few days from now. terry mcsweeney, abc7 news. >>> crews in the santa cruz mountains hope to have one lane open on vine hill road today a section of the road collapsed after recent storms you can look here vine hill road is an escape route for santa cruz in case of an emergency evacuation fixing the entire road will take one month. >>> in san francisco department of public works preparing for more rain crews answered 40 calls to clear trees and latch -- and large branches during last sunday's storm since then they've been checking vulnerable trees and clearing catch basins. >> stay with abc7 news for continuing storm watch coverage you can track the storm any time with live doppler at abc7news.com. if you take any good weather photos or video we want to see it, them to ureport. >>> violent night in th
one of the arborists dealing with the mess here had been back dealing with the mess after superstorm sandy on the east coast, came here for a few days he's going back there because there is much more to do there he says he will come back here when the next storm hits which hopefully will be a few days from now. terry mcsweeney, abc7 news. >>> crews in the santa cruz mountains hope to have one lane open on vine hill road today a section of the road collapsed after recent storms you can...
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Dec 1, 2012
12/12
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KRCB
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. >> tom: super storm sandy keeps showing up in some economic data. this time: consumer spending. spending fell 0.2% in october. it was expected to be up that much. stocks were mixed with continued nervousness about the fiscal cliff. the dow gained just three points, the nasdaq lost nearly two. the s&p 500 was virtually unchanged. on the week, the dow up just barely. the nasdaq the biggest gainer: up almost 1.5%, the s&p up half a percentage point. >> susie: investors took a bite out of yum brands today. the stock tumbled 10% after the parent of k.f.c. and pizza hut said its business in china is slowing. yum's c.e.o. warned that china sales will fall by 4% in the fourth quarter, that's a big drop from the same period a year ago when sales surged 21%. blaming the weak chinese economy, yum also said it plans to reduce the number of restaurant openings in the asian nation. yum operates roughly 5,000 restaurants in china, accounting for half of its total sales. >> susie: joining us now with more on the chinese consumer and the economy, nicholas consonery, asia analyst at the eurasia g
. >> tom: super storm sandy keeps showing up in some economic data. this time: consumer spending. spending fell 0.2% in october. it was expected to be up that much. stocks were mixed with continued nervousness about the fiscal cliff. the dow gained just three points, the nasdaq lost nearly two. the s&p 500 was virtually unchanged. on the week, the dow up just barely. the nasdaq the biggest gainer: up almost 1.5%, the s&p up half a percentage point. >> susie: investors took a...
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you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...